Cut-go procedures

(a) In general Except as provided in section 102, or subsection (b) of this section, when an agency makes a new rule, the agency shall repeal rules or sets of rules of that agency meeting the criteria provided in section 201(d), such that the annual costs of the new rule to the United States economy is offset by such repeals, in an amount equal to or greater than the cost of the new rule, based on the regulatory cost reductions of repeal identified by the DOGE, as calculated pursuant to subsection (d) of this section. (b) Alternative procedure (1) In general An agency may, alternatively, repeal rules or sets of rules of that agency meeting the criteria provided in section 201(d) prior to the time specified in subsection (a). (2) Application of reduction of cost If an agency repeals a rule or set of rules under paragraph (1) and thereby reduces the annual, inflation-adjusted cost of the rule or set of rules to the United States economy, the agency may thereafter apply the reduction in regulatory costs to meet, in whole or in part, the regulatory cost reduction required under subsection (a) to be made at the time the agency promulgates a new rule if the new rule is finalized within 2 years of repeal of the rule or set of rules reducing the annual, inflation-adjusted cost thereof. (c) Achievement of full net cost reductions (1) In general Subject to the provisions of paragraph (2), an agency may offset the costs of a new rule or set of rules by repealing a rule or set of rules that implement the same statutory authority as the new rule or set of rules. (2) Limitation When using the authority provided in paragraph (1), the agency shall achieve a net reduction in costs imposed by the body of rules of the agency (including the new rule or set of rules) that is equal to or greater than the cost of the new rule or set of rules to be promulgated, including, whenever necessary, by repealing additional rules of the agency meeting the criteria provided in section 201(d). (d) Regulatory cost analysis When calculating the cost of a new or existing rule for purposes of compliance with this section, an agency shall not consider any non-monetized or unquantified factor.